Soros Fund Management LLC Sells 36,037 Shares of D.R. Horton, Inc. (NYSE:DHI)

Soros Fund Management LLC lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 18.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 162,408 shares of the construction company’s stock after selling 36,037 shares during the period. Soros Fund Management LLC owned about 0.05% of D.R. Horton worth $22,708,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after buying an additional 127,606 shares during the last quarter. Norges Bank bought a new stake in shares of D.R. Horton in the fourth quarter worth about $593,363,000. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after buying an additional 1,490,648 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after buying an additional 72,161 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after buying an additional 460,804 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.5 %

DHI opened at $125.16 on Tuesday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a fifty day moving average price of $125.84 and a 200-day moving average price of $144.15.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same period in the previous year, the company posted $3.52 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, May 2nd. D.R. Horton’s payout ratio is presently 12.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DHI shares. StockNews.com cut shares of D.R. Horton from a “hold” rating to a “sell” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.